On the diagram shown above, a movement from a to c represents __________.

One can determine producers surplus if the minimum selling price and the _____________ are known.

The restaurant industry is characterized by a ______________ barrier to entry.

The short-run version of aggregate supply assumes that product prices are _____.

A depository institution takes deposits from ______ and earns most of its income by _______.

A firm operating in an oligopolistic market has __________ market power compared to a __________.

Demand forecasting can be categorized on the basis of

which of the following statements regarding cross elasticity holds good?

Which one of the following is not a method of measuring elasticity of demand?

The responsiveness of demand to the change in income is known as

The demand for necessities is usually